Totals
- Total revenue
- $2,069,894
- Total expenses
- $649,482
- Contributions and grants received
- $2,022,246
- Grants paid
- $25,000
- Program service revenue
- $0
- Investment income
- $47,648
- Other revenue
- $0
- Total assets, end of year
- $14,774,789
- Total liabilities, end of year
- $4,975
- Net assets or fund balances, end of year
- $14,769,814
- Program services expenses (Part IX)
- $639,477
- Management and general expenses
- $2,648
- Fundraising expenses
- $7,357
- Program service expenses (Part III)
- $639,477
Program services were 98.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$2,022,246
-
1g · Noncash contributions included above
$0
-
3 · Investment income
total $47,648 · related or exempt $0 · unrelated business $0 · excluded $47,648
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $25,000 · program services $25,000
-
11b · Fees: legal
total $2,560 · management and general $2,560
-
13 · Office expenses
total $88 · management and general $88
-
14 · Information technology
total $14,715 · program services $7,358 · management and general $0 · fundraising $7,357
-
17 · Travel
total $19,307 · program services $19,307
-
19 · Conferences, conventions and meetings
total $49,812 · program services $49,812
-
24a · Other expenses: Program-Related Investment Write-Down
total $538,000 · program services $538,000 · management and general $0
-
26 · Joint costs (an allocation of the lines above)
total $14,715 · program services $7,358 · management and general $0 · fundraising $7,357
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $670,669 · end of year $719,235
-
2 · Savings and temporary cash investments
end of year $797,648
-
3 · Pledges and grants receivable
beginning of year $1,005,250 · end of year $850,000
-
13 · Investments: program-related
beginning of year $11,680,895 · end of year $12,407,906
-
17 · Accounts payable and accrued expenses
beginning of year $7,412 · end of year $4,975
-
27 · Net assets without donor restrictions
beginning of year $13,349,402 · end of year $2,361,908
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $12,407,906
Mission and programs · 2023
Mission
The AIM-HI Accelerator Fund is an independent 501(C)(3) non-profit organization, established with an initial grant from the National Foundation for Cancer Research with the vision to accelerate the translation of cancer drug discoveries by investing in seed-stage companies. It is a new paradigm through venture philanthropy to fund start-up oncology companies that commercialize innovative laboratory breakthroughs which can potentially save cancer patients' lives.
Activities or mission (Part I)
AIM-HI Accelerator Fund Inc's mission is to bridge the gap and accelerate new oncology therapies and technologies across the "Valley of Death" through high-impact investment approaches.
-
Leveraging immediately deployable venture philanthropy funding to provide seed funding and sustainable impact investment for oncology start-ups to bridge the "Valley of Death" funding gap and bring innovative new therapies, diagnostics and cancer prevention to patients.
Expenses $632,119 · Grants $25,000
-
Cancer Awareness
Expenses $7,358
As filed on the 2023 return.
Listed in Part VII
-
Matthew TremblayMATTHEW TREMBLAY
CHAIRMAN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Brian Leyland-JonesBRIAN LEYLAND-JONES
VICE CHAIRMAN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1.5
-
Franklin Salisbury JrFRANKLIN SALISBURY JR
CO-FOUNDER AND DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Charlie WeatherspoonCHARLIE WEATHERSPOON
CO-FOUNDER AND DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Mark BaranMARK BARAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alfred SlanetzALFRED SLANETZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROSE WANG served from May 2023
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
YAJUN XU served up to May 2023
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sujuan BaSUJUAN BA
CO-FOUNDER AND CEO
- Total calculated
- $0
- Hours/week
- 12
-
Kwok LeungKWOK LEUNG
TREASURER/SECRETARY
- Total calculated
- $0
- Hours/week
- 12
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$10,000
ESTABLISHING ENTREPRENEURIAL FELLOWSHIP PROGRAM AT GEORGETOWN UNIVERSITY.
-
MARCH BIOSCIENCES INC
$10,000
CANCER RESEARCH COMPETITION AWARD
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 August 2024
- IRS schema version
- 2023v5.0
- Source object
- 202442329349301419
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